Mining People: Andean, CaNickel, De Beers, Silverton-Lodestar, Barrick, StrikePoint
Key moves in the mining sector.
BHP sees nickel demand rising fourfold by 2050 on EV boom
The world’s biggest miner predicts nine in 10 cars sold by 2040 will be EVs, helping to boost worldwide usage of key battery materials including nickel.
LME partner Metalshub targets lower-content nickel trading
The lack of lower-content nickel trading on the LME was a factor that helped fuel a wild spike in LME nickel prices in March.
Responsible copper mining framework extended to nickel, zinc and molybdenum
The Copper Mark extends its responsible mining assessment already covering a fifth of global copper production, to molybdenum, nickel and zinc with the launch of a pilot program.
Brokers balk as nickel tycoon seeks to add to LME short position
Tsingshan is talking to brokers about starting to increase its position on the London Metal Exchange as a hedge for its own nickel output.
Rusal files London lawsuit against Potanin over Nornickel pact
Rusal filed a lawsuit alleging that Vladimir Potanin, CEO of Nornickel, is in breach of a decade-old deal.
Vale CEO says miner will spin off copper, nickel unit
Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.
Talon confirms growth of Tamarack nickel project; awarded $114m gov’t funding
Talon has been selected as a recipient of the first set of projects funded by US President Biden's Bipartisan Infrastructure Law to expand domestic manufacturing of batteries for electric vehicles.
LME Week: spotlight on LME nickel debacle and the fate of Russian metal
Possible sanctions on Russian metal, lawsuits, a battle to recover trust and a slump in nickel trading after the March fiasco are just some of the headwinds facing the LME.
Sumitomo Metal sees global nickel market staying in deficit next year
The global nickel market is expected to remain in deficit for a third straight year in 2023 on solid demand for battery, chip-making equipment and oil-well tubular.
